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End of first term Year 10 Quiz Flashcards | StudBud
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End of first term Year 10 Quiz
End of first term Year 10 Quiz
15 terms
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StudBud Administration
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Flashcards
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Questions
15
Answers
1
firms can target only one market segment at a time
False
True
2
Tesco Plc merges with a freight transport company. This is an example of
horizontal merger
vertical merger
organic growth
diversification
3
Who owns a limited liability firm?
stakeholders
smallholders
shareholders
someholders
4
which of the following is NOT a characteristic of entrepreneurship
determination
profit
risk taking
confidence
5
if firm X buys firm Y this is known as ....
organic growth
conglomeration
a take over
a merger
6
Which of the following is not a business functional area
marketing
finance
human resources
economy
7
Limited liability
protects firms against failed supplier firms
protects customers from business failure
protects failed entrepreneurs from the tax authorities
protects owners from the consequences of business failure
8
a business plan identifies resources needed to operate the business
False
True
9
which of the following is NOT primary data
trial
surveys
focus group
internet research
10
the function of business is to...
satisfy the needs and wants of consumers
provide jobs for the unemployed
act creatively in the face of scarcity
take risks with entrepreneurs's money
11
a disadvantage of a partnerships is
easy to set up
greater access to start up capital
workload is shared
slower decision making
12
every firm should have a business plan
True
False
13
all businesses aim to make as much revenue as possible
False
True
14
Saga sell holidays. Which market segment is their key market?
men
working families
older people
Scottish people
15
primary research must be done first
False
True
